Use this program to create and maintain vendor class records that are used to categorize the different types of vendors.
You can establish your company’s own set of valid vendor classes. Each vendor will be placed into a vendor class. These classes are used on some printouts in order to group vendors. For example, you may want to group all inventory vendors, utility vendors, office supply vendors, etc. Assign any alphanumeric code to indicate each class (i.e., 001, 002, 003 or INV, UTL, OFF). If you choose not to use vendor classes, one class should be created and all vendors must be assigned to that class.
At least one vendor class must be entered here prior to entering vendors into the vendor file.
Access this program by choosing Accounts Payable-->Infrequent File Maintenances-->Vendor Class F/M.
1. Vendor class
Enter the vendor class code (up to 3 characters).
2. Vendor class description
Enter the description of the vendor class (up to 30 characters).
3. GL table
Enter the default GL posting table for this class. This is only a default and is used in the Vendor F/M program. If the vendor class is UTL and the GL posting table is 100, then when entering UTL as the vendor class in the Vendor F/M program, the GL posting table will default to 100 with the user having the option to override the GL posting table.